Guideline Value for C.P.T COLONY

C.P.T Colony guideline value

The current guideline value of C.P.T Colony, located in Perambur village under the Purasaivakkam SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of C.P.T Colony has changed

The guideline value for C.P.T Colony has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 579 per sq.ft. This increased to Rs 635 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly to Rs 700 per sq.ft in 2007, an increase of 10% from the previous year. By 2012, the guideline value reached Rs 3,500 per sq.ft, a substantial increase of 400% from 2007. However, it then decreased to Rs 2,345 per sq.ft in 2017, reflecting a decline of 33%.

In the subsequent revisions, the guideline value increased again to Rs 3,500 per sq.ft in 2023, and then to Rs 3,800 per sq.ft in 2024, which is a 9% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 556%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for C.P.T Colony is above this median.

• Cooks (Road) Street: Rs 5,400 per sq.ft (2024)
• Damodaran Nagar: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in C.P.T Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total charges to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.P.T Colony?

The Sub Registrar Office that covers C.P.T Colony is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Perambur

The guideline value is a crucial factor in property transactions in Perambur, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is documented accurately in accordance with government regulations.

Frequently asked questions

What is the current guideline value of C.P.T Colony?

The current guideline value of C.P.T Colony is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 579 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 556% over the years.

What are the stamp duty and registration fees for properties in C.P.T Colony?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total charges would be Rs 3,42,000.

Which office handles property registrations for C.P.T Colony?

The Purasaivakkam Sub Registrar Office handles property registrations for C.P.T Colony, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the significance of the guideline value in property transactions?

The guideline value is essential as it determines the minimum registration value for properties and is used to calculate stamp duty and registration fees during property transactions.